Stock Fundamentals

Company Information

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Company Name
Heritage Financial Corporation
Sector
Financial Services
Industry
Banks - Regional
Exchange
NASDAQ
ISIN: US42722X1063
CIK: 0001046025
CUSIP: 42722X106
Currency: USD
Full Time Employees: 728
Phone: 360 943 1500
Website: https://www.hf-wa.com
Fiscal Year End: December
IPO Date: May 07, 1998
Description:

Heritage Financial Corporation operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company also offers commercial business loans, including lines of credit, term equipment financing and term owner-occupied, and non-owner occupied CRE loans; real estate construction and land development loans, as well as residential construction loans, and commercial and multifamily construction loans; residential real estate loans; and originate loans that are guaranteed by the U.S. SBA, and secured and unsecured consumer loans and lines of credit. In addition, it provides investment advice, online banking, online statements, mobile banking with mobile deposit, Visa debit cards, and access. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

Address:

201 Fifth Avenue SW, Olympia, WA, United States, 98501

Directors & Officers

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Name Title Year Born
Mr. Brian L. Vance Independent Chairman 1954
Mr. Bryan D. McDonald CEO, President & Director 1972
Mr. Donald J. Hinson CPA Executive VP & CFO 1961
Mr. Jeffrey J. Deuel Advisory to the CEO 1959
Mr. Anthony W. Chalfant Executive VP & Chief Credit Officer 1962
Mr. Nicholas M. Bley Executive Vice President 1974
Ms. Kaylene M. Lahn CPA Senior VP & Corporate Secretary 1972

Institutional Holders

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Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 4.73M Sep 30, 2025 11.49% $0.00 -3.42%
Jennison Associates LLC 3.11M Dec 31, 2025 7.55% $0.04 0.88%
Victory Capital Management Inc. 2.63M Sep 30, 2025 6.39% $0.04 9.15%
Vanguard Group Inc 2.41M Dec 31, 2025 5.87% $0.00 1.92%
Dimensional Fund Advisors, Inc. 1.98M Dec 31, 2025 4.81% $0.01 -2.45%
State Street Corp 1.52M Sep 30, 2025 3.71% $0.00 -3.94%
AllianceBernstein L.P. 1.34M Sep 30, 2025 3.27% $0.01 -1.21%
Geode Capital Management, LLC 838.43K Sep 30, 2025 2.04% $0.00 1.26%
Basswood Capital Management LLC 607.11K Dec 31, 2025 1.48% $0.58 163.12%
Algebris Investment Management (UK) LLP 520.69K Dec 31, 2025 1.27% $0.98 16.81%
Arrowstreet Capital Limited Partnership 504.22K Dec 31, 2025 1.23% $0.01 0.27%
Northern Trust Corp 398.66K Sep 30, 2025 0.97% $0.00 -2.31%
Ameriprise Financial Inc 348.97K Sep 30, 2025 0.85% $0.00 -11.34%
Morgan Stanley - Brokerage Accounts 348.53K Sep 30, 2025 0.85% $0.00 -8.55%
Bank of New York Mellon Corp 341.47K Sep 30, 2025 0.83% $0.00 -2.38%
Charles Schwab Investment Management Inc 326.54K Dec 31, 2025 0.79% $0.00 -0.39%
Manufacturers Life Insurance Co 314.19K Dec 31, 2025 0.76% $0.01 -1.20%
Hotchkis & Wiley Capital Management LLC 282.82K Dec 31, 2025 0.69% $0.02 0.82%
Renaissance Technologies Corp 277.95K Dec 31, 2025 0.68% $0.01 -2.76%
Lord, Abbett & Co LLC 277.75K Dec 31, 2025 0.68% $0.02 -14.99%

Shares Statistics

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Shares Outstanding: 41.13M
Shares Float: 40.52M
% Insiders: 131.60%
% Institutions: 7,313.90%
Short % Float: 4.93%

🏆 Top 10 Institutional Holders

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Rank Holder Name Shares Held % of Shares Change Date Reported
1 BlackRock Inc 4.73M 11.49% ▼ 3.42% Sep 30, 2025
2 Jennison Associates LLC 3.11M 7.55% ▲ 0.88% Dec 31, 2025
3 Victory Capital Management Inc. 2.63M 6.39% ▲ 9.15% Sep 30, 2025
4 Vanguard Group Inc 2.41M 5.87% ▲ 1.92% Dec 31, 2025
5 Dimensional Fund Advisors, Inc. 1.98M 4.81% ▼ 2.45% Dec 31, 2025
6 State Street Corp 1.52M 3.71% ▼ 3.94% Sep 30, 2025
7 AllianceBernstein L.P. 1.34M 3.27% ▼ 1.21% Sep 30, 2025
8 Geode Capital Management, LLC 838.43K 2.04% ▲ 1.26% Sep 30, 2025
9 Basswood Capital Management LLC 607.11K 1.48% ▲ 163.12% Dec 31, 2025
10 Algebris Investment Management (UK) LLP 520.69K 1.27% ▲ 16.81% Dec 31, 2025

Valuation Metrics

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Enterprise Value: $855.40M
Trailing P/E: 12.70
Forward P/E: 12.33

Financial Highlights

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Market Cap: $1.02B
P/E Ratio: $12.70
PEG Ratio: $2.13
Book Value: $27.13
Dividend/Share: $0.96
Dividend Yield: 3.83%
Earnings/Share: $1.96
Profit Margin: 27.66%
Operating Margin: 39.83%
ROA (TTM): 0.96%
ROE (TTM): 7.57%
Revenue (TTM): $244.17M
Revenue/Share (TTM): $7.18
Earnings Growth (YOY): 90.80%
Revenue Growth (YOY): 20.20%

Stock Price History

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1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

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Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

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Financial Ratios

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Earnings History

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Balance Sheet (Yearly)

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Financial Ratios

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Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 1.18x 0.07x 0.87x 0.87x 0.78x
2024-12-31 0.16x 0.47x 0.88x 0.52x 7.30x
2023-12-31 0.25x 0.62x 0.88x 1.23x 6.71x
2022-12-31 0.27x 0.09x 0.00x 12.32x 0.71x
2021-12-31 0.48x 0.09x 0.00x 17.11x 0.75x
2020-12-31 0.33x 0.07x 0.00x 3.99x 1.13x
2019-12-31 0.33x 0.06x 0.00x 4.46x 0.46x
2018-12-31 0.33x 0.07x 0.00x 5.18x 0.60x
2017-12-31 0.35x 0.28x 0.03x 7.21x 2.00x
2016-12-31 0.37x 0.25x 0.03x 8.78x 1.82x
2015-12-31 41.22x 0.13x 0.01x 8.38x 0.93x
2014-12-31 19.97x 0.15x 0.01x 4.91x 1.65x
2013-12-31 0.23x 0.14x 0.87x 3.80x 1.46x
2012-12-31 0.24x 0.08x 0.85x 4.29x 0.66x
2011-12-31 0.24x 0.11x 0.85x 1.39x 1.96x
2010-12-31 0.15x 0.09x 0.85x 2.33x 0.86x
2009-12-31 0.14x 0.07x 0.84x 0.01x 8.06x
2008-12-31 0.08x 0.00x 0.88x 0.50x 0.00x
2007-12-31 0.05x 0.03x 0.90x 0.62x 0.15x
2006-12-31 0.04x 0.04x 0.91x 0.82x 0.19x
2005-12-31 0.05x 1.21x 0.91x 1.34x 4.62x
2004-12-31 0.04x 1.34x 0.91x 1.98x 5.11x
2003-12-31 0.05x 0.50x 0.90x 1.86x 2.01x
2002-12-31 0.08x 0.00x 0.88x 1.40x 0.00x
2001-12-31 0.09x 0.10x 0.87x 0.58x 0.61x
2000-12-31 0.05x 0.28x 0.86x 0.46x 2.07x
1999-12-31 0.05x 0.03x 0.81x 0.64x 0.26x
1998-12-31 0.24x 0.01x 0.77x 0.56x 0.09x
1997-12-31 1.22x N/A 0.77x 0.00x 0.00x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Feb 11, 2026 Tony Chalfant N/A Sale 4.67K $27.65 $129.07K
Feb 03, 2026 Frederick B Rivera N/A Sale 1.80K $26.31 $47.36K
Jan 26, 2026 Kelli Ann Wilson N/A Sale 1.90K $26.48 $50.31K
Nov 20, 2025 Bryan Mcdonald N/A Purchase 19.11K $22.32 $426.45K
Mar 17, 2025 Amy E Curran N/A Sale 858.00 $23.77 $20.39K
Mar 17, 2025 Donald Hinson N/A Sale 3.42K $23.59 $80.68K
Mar 17, 2025 Jeffrey J Deuel N/A Sale 7.03K $23.66 $166.40K

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